- Fixed liability
A fixed liability is a type of
debt . Bonds,mortgages andloan s that are payable over a term exceeding oneyear would be fixed liabilities.See also
Long-term liabilities .
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Fixed liability
Look at other dictionaries:
fixed liability — UK US noun [C] (plural fixed liabilities) ► ACCOUNTING, FINANCE LONG TERM LIABILITY(Cf. ↑long term liability) … Financial and business terms
fixed liability — see liability 2a Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
fixed liability — a liability, as a mortgage or debenture, that will not mature for a relatively long time. * * * fixed liability, an obligation which does not mature for at least a year … Useful english dictionary
fixed liability — Literally, an absolute or certain liability. A liability evidenced by a judgment or an instrument in writing, absolutely owing at the time of the filing of a petition in bankruptcy by or against the debtor, whether then payable or not, with any… … Ballentine's law dictionary
fixed liability — a liability, as a mortgage or debenture, that will not mature for a relatively long time. * * * … Universalium
fixed liability — /fɪkst laɪəˈbɪləti/ (say fikst luyuh biluhtee) noun a long term liability, as a mortgage, debenture …
liability — li·a·bil·i·ty /ˌlī ə bi lə tē/ n pl ties 1: the quality or state of being liable 2: something for which one is liable: as a: a financial obligation: debt tax liability the bonds … Law dictionary
fixed — I (securely placed) adjective anchored, certus, fast, fastened, firm, firmly established, firmly implanted, firmly seated, firmly set, immovable, irremovable, made fast, permanent, rendered stable, rigid, secure, set, solid, sound, stable,… … Law dictionary
liability — The word is a broad legal term. Mayfield v. First Nat. Bank of Chattanooga, Tenn., C.C.A.Tenn., 137 F.2d 1013, 1019. It has been referred to as of the most comprehensive significance, including almost every character of hazard or responsibility,… … Black's law dictionary
liability — The word is a broad legal term. Mayfield v. First Nat. Bank of Chattanooga, Tenn., C.C.A.Tenn., 137 F.2d 1013, 1019. It has been referred to as of the most comprehensive significance, including almost every character of hazard or responsibility,… … Black's law dictionary
